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Opening Glance: Electrical equipment opens lower



By AP
16 June 2008 @ 10:15 am EST

NEW YORK - Shares of electrical equipment companies opened mostly lower alongside the broader market as a weaker dollar lifted oil prices to record highs and the New York Federal Reserve Bank said manufacturing activity in that state declined in June.

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Quotes
MOLX 18.74 -0.9
WCC 25.6 -1.83
CBE 30.14 -3.33
CTV 27.11 -2.05

SYMBOL LOOKUP

The report is the earliest of several monthly regional snapshots that investors look to for insights on economic activity.

Here's how some shares of electrical equipment stocks are faring:

Molex Inc., down 10 cents to $27.37.

Wesco International Inc., down 25 cents to $43.08.

Cooper Industries Ltd., down 53 cents to $44.28.

Commscope Inc., down 29 cents to $55.11.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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